By Alex Sirois
Publication Date: 2026-10-23 12:45:00
Arm just handed hyperscalers a shortcut around the custom chip work that made Marvell a challenger to Broadcom, and one of these companies is pricing its silicon far too low to ignore.
Arm Holdings (NASDAQ:ARM | ARM Price Prediction) and Marvell Technology (NASDAQ:MRVL) both reported this summer, and their AI data center businesses now compete for the same customers. Arm moved beyond licensing into finished silicon with its AGI CPU. Marvell, the main custom-silicon challenger to Broadcom (NASDAQ:AVGO), raised its outlook again. Arm’s ready-made blueprints could reduce the custom design work Marvell sells.
Royalties Hum at Arm as Custom Chips Ramp at Marvell
Arm’s fiscal first-quarter revenue reached $1.29 billion, up 22%. The pace is solid even as smartphone volumes reduce. Data center royalties “more than doubled year over year once again.” AGI CPU demand “now exceeds $2 billion,” but the supply Arm has locked in only covers the initial $1 billion opportunity. Orders…
